Friday, March 14, 2014

Celebrate The Kansas City Taxpayer Subsidized Cordish Condo Double Down!!!

KC Biz Journal offers all the deets on this development given a HUGE tax break by City Hall in the aftermath of the P&L District mess that hasn't generated any of the tax revenue promised: "The groundbreaking for the much-anticipated One Light residential high rise in downtown Kansas City is scheduled for April 14. Late on Friday, the Cordish Co. announced that Kansas City-based JE Dunn Construction will be the general contractor for construction of the 25-story, $79 million apartment building near Kansas City’s Power & Light District. "

26 Comments:

Anonymous said...

They can't even make the payments on the Power & Light so the City is going to give them some more ???? No wonder this City is broke. Corruption at its best.

Anonymous said...

They can always rob cash from KC's pension obligations to keep Cordish afloat down there.

Anonymous said...

The pensions are gone. If you are counting on one from the CK you better get back to work

Anonymous said...

So is this another free TIF project?

Anonymous said...

I have two issues with this new Cordish development... First, I don't think its a good idea to allow this sort of construction to be conducted by a company that is currently being prompted up by tax payers (P&L district). Secondly, I'm dissatisfied and a bit angry because City Hall members approved rental units in downtown to exceed $1.70 a square foot of living space, which was an idea put forth by Cordish. As a result of this, apartment landlords within downtown KCMO may raise the monthly rent for their units (which sucks).

Glenn Bearnaise, local chaplain said...

Just out of curiosity, I was curious just how folks who voted in favor of extending the e-tax feel just about now?
Do you feel like standard run-of-the-mill rube idiot cocksuckers or is it an altogether newer sensation, the feeling of Big Buck Mandingo Sly just boring our your asshole by repeated poundings as he's got you bent over your faux granite countertops?
Because i'd imagine that it surely must be one of those two feelings.

Anonymous said...

Look at what you could have gotten for the East Patrol money (74 mil) that was spent. Actual, true development. Shocking.

Anonymous said...

Exactly who is going to live in all these hundreds of new apartments that are being built?

Anonymous said...

When a beautiful house can be had for 250k in the metro area, why would anyone want to live in the middle of downtown in a 800 sqft apartment?

Anonymous said...

7:49 The lazy people of Kansas City. They will and generally do just make do. Go along to get along until the next futile project or death, whichever occurs first.

Anonymous said...

haha. all the haterz see their bullshit exploding. new development. in the streetcar district. in the fastest growing part of the metro.

sorry suburbanites. your greedy me me me first and only world is a thing of the past already.

nothing downtown or in the city is subsidized at anywhere near the rate of the average northland/op cul de sac prairie creek at quail run falls development.

the city is back, shitbags. you lose.

Anonymous said...

749:

becaue different people have different values. not everyone wants to live in a cookie cutter, poorly built mcmansion where you have to drive everywhere to exist.

Anonymous said...

So this is why the city is fighting so hard for red light cams. They think they can squeeze blood out of a dumb ass turnip..... and they can cause the dumb asses of KC don't seem to have enough sense to put a stop to it.

Anonymous said...

Cordish -- the big-time developer -hobnobs with governors and persuades mayors of various cities to give him taxpayer money in return for his promises to develop something grand.

His influence and ability to outsmart small-town politicians and to repeatedly sucker this town and others is quite amazing.

Anonymous said...

Taking $ from the poor tax payers and giving it to rich developers

Anonymous said...

This is why I would not associate myself with anything "downtown" regardless of what city or town. It's just too controversial. You'll have the rest of the world's demographics turn against you. I know this first hand, I used to live in a "downtown loft". Not in KC, but in a smaller town. It's just too politically controversial to risk one's public image and reputation to be associated with.

Anonymous said...

Cute boy on 119th visiting town wanting discreet hot hung jock that wants sucked.. I can be blindfolded waiting and u can jo and cum on my face or feed me a load or make me deepthroat your big cock.. You must be hot hung and totally std free..

Anonymous said...

Damn Cordish!!!

Anonymous said...

10:21: You're not that cute, Byron. Get a life.

Anonymous said...

For the wack-job 20-somethings who think that somehow other parts of the metro are going to suffer because of "downtown development, you really need to understand that folks in Liberty, Lee's Summit, Johnson County, or wherever, are not the taxpayers who are going to be paying for making downtown KCMO a publicly-funded amusement park; you and the other residents of KCMO, including those north of the river, are.
Crowing about how successful the apartment market downtown is and then subsidizing the next one to be developed makes no sense at all. And the P&L District, all the other downtown TIFs, and soon the streetcar, will burden KC in massive debt for decades to come.
And it you really think that the KCMO city government is so dedicated to downtown, you might ask yourself why just last year they issued $40 million in bonds to extend water and sewer service into cornfields north of the river to support what they themselves said would be as many as 70,000 new suburban residents, and continue to subsidize office construction in the Plaza.
There's no plan here; there's just the inability to tell anyone "NO".
Anyone with common sense and a caluculator is just shaking their head and laughing.

Anonymous said...

Actually, the Cordish project was approved as part of the original P&L District and has NOTHING to do with the streetcar fiasco.
Probably best for some of the hipster enthusiasts to lay off the Koolaide for a little while and spend just a few minutes with some facts and doing some math.
And when the millenials age out and head for the good schools, safe neighborhoods, and yards for their kids to play in, the downtown apartments and the currently half-empty office buildings being converted into apartments will be sucking eggs.
And only MORE taxpayer money will be able to save them.
Thanks for playing.

Anonymous said...

unintentional irony alert!!!!!


subrubanites who live in taxpayer sibsidized dvelopments complaining about donwtown taxpayer subsidies.

Anonymous said...

Who is this one person who always says shitbag cul de sac residents always lose? If it's Rusty J you should shut the fuck up and see if heather will toy with your little dingus up at your taco are subsidized McMansion by the airport.

Anonymous said...

why do we claim these suburban houses are subsidized? My neighborhood even built the street and donated land to the city to make a park. And I pay 3000 in property tax yearly, 2000 of which goes to the schools.

And we are still building new neighborhoods and floating sewer bonds with AAA ratings and buiding parks and everything else that comes with it.

KC can barely put in 2 miles of trolley track without losing it's shit. Hell that Funkhouser loser got elected on a platform of "no more metal plates". LOL, downtown KC.

Anonymous said...

KC annexed as much of suburbia as they could knowing that there was where the tax revenue is. I would guess if you allowed Kansas City north to vote on forming a new city it would pass about 90-10 with the 10 being all the city employees required to live within the city limits.

Anonymous said...

Subrubanites are so fucking delusional they don't know how their "neighborhoods" get finances. Talk about cognitive dissonance.